Hong Kong’s Hang Seng Index Falls 0.54% to Close at 16634.74 Points
Xinhua News Agency, Hong Kong – On February 26, Hong Kong’s Hang Seng Index fell 91.12 points, or 0.54%, to close at 16634.74 points. The main board transaction volume for the whole day was HK$83.546 billion.
The state-owned enterprise index also experienced a decline, falling 41.74 points to close at 5723.36 points, a decrease of 0.72%. The Hang Seng Technology Index saw a slight drop of 6.55 points to close at 3393.29 points, a decrease of 0.19%.
Some notable movements among blue-chip stocks included Tencent Holdings falling 1.24% to close at HK$287.2, and Hong Kong Exchanges and Clearing dropping 0.63% to close at HK$251.6. On the other hand, HSBC Holdings rose 0.76% to close at HK$59.7.
In terms of Hong Kong local stocks, Cheung Kong Holdings fell 0.14% to close at HK$36.5, while Sun Hung Kai Properties rose 0.72% to close at HK$76.6, and Henderson Land rose 0.46% to close at HK$22.05.
Chinese financial stocks also saw declines, with Bank of China falling 1.58% to close at HK$3.11, and China Construction Bank dropping 1.81% to close at HK$4.89. Industrial and Commercial Bank of China fell 1.45% to close at HK$4.08, and Ping An of China fell 2.14% to close at HK$36.6, while China Life fell 2.06% to close at HK$9.99.
In the petroleum and petrochemical sector, Sinopec fell 0.67% to close at HK$4.45, and PetroChina dropped 1.12% to close at HK$6.19. China National Offshore Oil, however, saw a rise of 2.69% to close at HK$16.8.
Investors will be keeping a close eye on the market in the coming days as they navigate through the fluctuations in the stock market.